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Resorts Corp. common stock is selling for $36.75 a share and has a dividend yield of 2.3 percent. What is the dividend amount?

Respuesta :

akindeleot

Answer:

Annual Dividend Amount is approximately $0.85

Explanation:

Dividend yield = Annual Dividend Amount / Current selling price

∴ Dividend yield * Current selling price = Annual Dividend Amount

Annual Dividend Amount = $36.75 * 2.3%

                                          =$36.75 * 0.023

                                          =$0.84525‬

Annual Dividend Amount = $0.85 (approximately)

henrydesanta

Answer:

All you have to do is to alter the equation you use to calculate the dividend amount.

Annual Dividend Amount / Current selling price = Dividend yield

Now, using your math knowledge, let's solutions e this for annual.dividend amount.

Dividend yield x Current selling price = Annual Dividend Amount

Annual Dividend Amount = $36.75 * 2.3%

                                          =$36.75 * 0.023

                                          =$0.84525‬

Annual Dividend Amount = $0.85

Explanation:

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